This excerpt taken from the UNH 10-Q filed May 11, 2006.
This Fourteenth Amendment to the AARP Health Insurance Agreement (Fourteenth Amendment or Amendment), effective as of January 1, 2006 (the Effective Date), is made by and between AARP Services, Inc., a Delaware corporation (ASI) and United HealthCare Insurance Company, a Connecticut corporation (United). The parties hereto shall collectively be referred to as the Parties.
WHEREAS, AARP, the Trustees of the AARP Insurance Plan (Trustees), and United are parties to a certain AARP Health Insurance Agreement dated as of February 26, 1997 (the Original Agreement).
WHEREAS, by subsequent amendment and assignment on December 28, 1999, AARP, AARP Trust and United agreed to the assignment to and assumption by ASI of certain rights and obligations (the Third Amendment).
WHEREAS, various other amendments have been made to the Original Agreement (collectively, the Agreement).
WHEREAS, pursuant to the Ninth Amendment to the Agreement, the Parties have successfully launched a program offering comprehensive insurance products for AARP members age 50 to 64 (50-64 Plan) and wish to expand and extend this program.
NOW, THEREFORE, the Parties agree as follows:
2.138. Formal Product Offering Period (Period) for the 50-64 Plan means January 1, 2006 until December 31, 2006. This Period may be changed upon mutual written agreement.
AARPs royalty for Policy Year 2006 shall be ***% of 50-64 Member Contributions.
Uniteds Administrative Services Fee for Services provided for the 50-64 Plan in Policy Year 2006 shall be ***% of 50-64 Member Contributions.
6.3.4(a). Uniteds base risk and profit charge: ***% of 50-64 Member Contributions through December 31, 2005; ***% of 50-64 Member Contributions for Policy Year 2006;
IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date below indicated.